Queen Elizabeth makes millions from offshore wind farms

Leasing the seabed to offshore wind developers was the most profitable business last year for The Crown Estate Ltd ,the company that generates income for Queen Elizabeth IIEarnings from the clean-energy technology in 2017 jumped 32 per cent from the previous year to £37 million pounds ($66 million), according to a statement The gain boosted the investor's energy, minerals and infrastructure portfolio income by 20 per cent Wind energy has powered returns for the Queen's Crown Estate

Photo: AP The UK is a world leader in offshore wind with more turbines in the sea than any other nation At least one machine was installed every day in 2017, making up more than half of Europe's new capacity The sector is on track to generate 10 per cent of Britain's electricity by 2020, according to the statement "This has been another momentous year for offshore wind and the sector has played an important role in driving our performance," said Chief Executive Officer Alison Nimmo

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